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Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: Asian shares are mixed as China unveils 5% economic growth target for 2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: Asian shares are mixed as China unveils 5% economic growth target for 2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: Asian shares are mixed as China unveils 5% economic growth target for 2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
NYSE:CWT

California Water Service Group (CWT) Stock Price, News & Analysis

$46.08
+0.55 (+1.21%)
(As of 03/4/2024 ET)
Today's Range
$45.34
$46.24
50-Day Range
$45.09
$52.55
52-Week Range
$44.83
$61.59
Volume
333,370 shs
Average Volume
319,541 shs
Market Capitalization
$2.66 billion
P/E Ratio
51.78
Dividend Yield
2.43%
Price Target
$55.00

California Water Service Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
19.3% Upside
$55.00 Price Target
Short Interest
Healthy
1.46% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
+0.43
Upright™ Environmental Score
News Sentiment
-0.03mentions of California Water Service Group in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$93,947 Sold Last Quarter
Proj. Earnings Growth
5.33%
From $2.25 to $2.37 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.44 out of 5 stars

Utilities Sector

18th out of 88 stocks

Water Supply Industry

4th out of 12 stocks


CWT stock logo

About California Water Service Group Stock (NYSE:CWT)

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. The company is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection services. It offers its services to approximately 496,400 customer connections in 100 California communities; approximately 6,200 water and wastewater customer connections on the islands of Maui, Oahu, and Hawaii; approximately 37,500 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, Rainier, Yelm, and Gig Harbor areas; and approximately 10,700 water and wastewater customer connections in the Belen, Los Lunas, Indian Hills, and Elephant Butte areas in New Mexico. The company also engages in the provision of non-regulated water-related services, including operating of municipally owned water systems, privately owned water, and recycled water distribution systems; water system operation, meter reading, and billing services to private companies and municipalities; leasing of communication antenna sites on its properties to telecommunication companies; and billing of optional third-party insurance programs to its residential customers. In addition, it provides lab, wastewater collection, and treatment services. California Water Service Group was founded in 1926 and is headquartered in San Jose, California.

CWT Stock Price History

CWT Stock News Headlines

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Q4 2023 California Water Service Group Earnings Call
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
California Water Servs Gr Earnings Preview
CWT Mar 2024 50.000 put
See More Headlines
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Company Calendar

Ex-Dividend for 2/23 Dividend
2/09/2024
Dividend Payable
2/23/2024
Last Earnings
2/29/2024
Today
3/04/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Water supply
Sub-Industry
Water Utilities
CUSIP
13078810
Employees
1,266
Year Founded
1926

Price Target and Rating

Average Stock Price Target
$55.00
High Stock Price Target
$66.00
Low Stock Price Target
$47.00
Potential Upside/Downside
+19.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
$51.91 million
Pretax Margin
6.47%

Debt

Sales & Book Value

Annual Sales
$794.63 million
Cash Flow
$3.06 per share
Book Value
$24.78 per share

Miscellaneous

Free Float
57,167,000
Market Cap
$2.65 billion
Optionable
Optionable
Beta
0.49
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Key Executives















CWT Stock Analysis - Frequently Asked Questions

Should I buy or sell California Water Service Group stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for California Water Service Group in the last twelve months. There are currently 2 sell ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CWT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CWT, but not buy additional shares or sell existing shares.
View CWT analyst ratings
or view top-rated stocks.

What is California Water Service Group's stock price target for 2024?

4 analysts have issued 12-month price targets for California Water Service Group's shares. Their CWT share price targets range from $47.00 to $66.00. On average, they expect the company's share price to reach $55.00 in the next year. This suggests a possible upside of 19.3% from the stock's current price.
View analysts price targets for CWT
or view top-rated stocks among Wall Street analysts.

How have CWT shares performed in 2024?

California Water Service Group's stock was trading at $51.87 on January 1st, 2024. Since then, CWT shares have decreased by 11.2% and is now trading at $46.0850.
View the best growth stocks for 2024 here
.

Are investors shorting California Water Service Group?

California Water Service Group saw a increase in short interest in the month of January. As of January 31st, there was short interest totaling 820,900 shares, an increase of 34.2% from the January 15th total of 611,800 shares. Based on an average trading volume of 277,800 shares, the days-to-cover ratio is currently 3.0 days.
View California Water Service Group's Short Interest
.

When is California Water Service Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our CWT earnings forecast
.

How were California Water Service Group's earnings last quarter?

California Water Service Group (NYSE:CWT) announced its quarterly earnings results on Thursday, February, 29th. The utilities provider reported $0.52 earnings per share for the quarter, missing the consensus estimate of $1.50 by $0.98. The utilities provider earned $214.50 million during the quarter, compared to analyst estimates of $269.41 million. California Water Service Group had a net margin of 6.53% and a trailing twelve-month return on equity of 3.75%. The firm's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 earnings per share.

How often does California Water Service Group pay dividends? What is the dividend yield for California Water Service Group?

California Water Service Group declared a quarterly dividend on Thursday, January 25th. Investors of record on Monday, February 12th will be paid a dividend of $1.12 per share on Friday, February 23rd. This represents a $4.48 annualized dividend and a yield of 9.72%. The ex-dividend date of this dividend is Friday, February 9th. This is a positive change from the stock's previous quarterly dividend of $0.26.
Read our dividend analysis for CWT
.

Is California Water Service Group a good dividend stock?

California Water Service Group (NYSE:CWT) pays an annual dividend of $1.12 per share and currently has a dividend yield of 2.46%. The company has been increasing its dividend for 57 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 125.84%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CWT will have a dividend payout ratio of 47.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CWT.

What is Martin Kropelnicki's approval rating as California Water Service Group's CEO?

14 employees have rated California Water Service Group Chief Executive Officer Martin Kropelnicki on Glassdoor.com. Martin Kropelnicki has an approval rating of 100% among the company's employees. This puts Martin Kropelnicki in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of California Water Service Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other California Water Service Group investors own include (NCIT) (NCIT), Ford Motor (F), SJW Group (SJW), American States Water (AWR), Alibaba Group (BABA), Pfizer (PFE), Consolidated Edison (ED), Enterprise Products Partners (EPD), General Electric (GE) and McDonald's (MCD).

Who are California Water Service Group's major shareholders?

California Water Service Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (12.07%), Nuance Investments LLC (3.71%), Dimensional Fund Advisors LP (2.16%), Northern Trust Corp (1.67%), KBC Group NV (1.13%) and First Trust Advisors LP (1.08%). Insiders that own company stock include David B Healey, Elissa Y Ouyang, Gerald A Simon, Lester A Snow, Lynne P Mcghee, Michael B Luu, Michelle R Mortensen, Robert J Kuta, Terry Bayer and Thomas M Krummel.
View institutional ownership trends
.

How do I buy shares of California Water Service Group?

Shares of CWT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CWT) was last updated on 3/5/2024 by MarketBeat.com Staff